DINAR REVALUATION

Wednesday, April 23, 2025

ARIEL: "People who hold IQD should be ready to get things moving in whatever manner suits you best"

Central Bank: Committed to building a more inclusive and fair digital financial system

Economy News – Baghdad

The Central Bank of Iraq stressed on Wednesday the importance of the role of the media in supporting financial inclusion and spreading financial culture, while pointing to its commitment to building a more inclusive and just digital financial system.

The assistant head of the financial affairs department at the bank, Virgin Taha Mohammed, said in a speech during the ninth (third international) scientific conference of the College of Media at the Iraqi University, under the slogan: “Artificial intelligence in the media: prospects for innovation and challenges of cultural dialogue”, that “this conference reflects the bank’s vision to promote financial inclusion and implement government directives towards the use of electronic means of payment, and the role of the media in spreading financial culture.”

She added that “financial inclusion has become one of the pillars of economic and social development, it not only means the access of individuals to banking services, but also includes enabling them to make smart financial decisions that contribute to improving their lives and supporting the stability of society as a whole,” stressing that “the vital role of the media is not limited to awareness, but extends to building a well-established financial culture that enhances trust between the citizen and financial institutions.”

She explained that “the government’s orientation towards promoting the use of electronic payment methods has become an urgent necessity imposed by the developments of the times, which requires all parties, whether they are academics, journalists or institutions, to join join to guide society.”

She stressed that “media colleges play a pivotal role in preparing media cadres capable of delivering financial messages in innovative and highly credible ways, to bring economic concepts closer to all segments of society, especially marginalized groups or those that were outside the traditional financial system.”

She stressed that “the Central Bank of Iraq is committed to active participation in building a more inclusive and fair digital financial system, and opens the doors of cooperation with universities, researchers and all concerned authorities to achieve this goal, through: organizing workshops and seminars within universities to introduce students to the concepts of electronic payment and their importance, and providing technical and knowledge support for university research that deals with digital transformation and digital finance, while encouraging financial innovation among students by urging the financial sector to provide financial products and services customized to the student segment, and provide easy digital solutions, as well as involving students in awareness campaigns as active contributors to spreading a responsible financial culture in society.”

She concluded by saying: “This integration between the Central Bank and universities not only aims to increase the use of electronic payment tools, but also aims to create a conscious generation financially and technically, and is capable of leading the national economy towards further progress and modernity,” stressing that “investing in financial awareness within universities is an investment in the future of Iraq, which is the best way to achieve real and sustainable digital financial inclusion.”

https://economy-news.net/content.php?id=54761

Walkingstick : We have entered a window of two weeks to two months!!

Walkingstick

We have entered a window of two weeks to two months. A window of opportunity for this to go

Walkingstick

I don't think it's going to take very long [to collect the three zero notes after a rate change], within a matter of days, weeks, these three zero notes will be collected...

Inside of Iraq, those banks are run under the CBI banking laws. This bank that [Iraqi bank friend in Michigan] Aki is at has a purpose. But it has no lower denomination notes.

Why?

Because they follow American banking laws. When a Middle Easterner or anybody takes a dinar into Aki's bank, they will be converted physically or electronically into American dollars. This bank servers a purpose.

Why would these banks, like Aki's, be there if there was no rate change coming?

It's all about the money. Aki is a businessman. Here's there to make money with his boss. They're going to do very well especially that there are 100's of these centers around the world...

I would say Aki's bank is for the exchange of the three zero notes or Aki's bank would not even exist because there would be no reason for them to exist.

https://dinarevaluation.blogspot.com/2025/04/tidbits-from-walkingstick-16-april.html

REDEMPTION 2020: GLOBAL CURRENCY RESET: THE FINAL COUNTDOWN ‪@DINARREVALUATION‬ #iraqidinarinvestor

Iraq Market signs a memorandum of understanding with Abu Dhabi Market to join the “Exchange” platform

Economy News – Baghdad

The Iraq Stock Exchange and the Iraqi Securities Authority signed on Wednesday a strategic memorandum of understanding with the Abu Dhabi Securities Exchange to join the “Tadadal” platform for digital trading, thus becoming the ninth member of the platform.

The Iraq Stock Exchange said in a statement received by “Economy News” that “the signing ceremony was held at the headquarters of the Abu Dhabi Securities Exchange, and this step comes within the framework of strengthening joint cooperation between the two sides, based on the initial agreement announced between the Iraqi Securities Authority and the Abu Dhabi Securities Exchange in January 2025, with the aim of enhancing joint cooperation between the capital markets in the two countries.”

She added that “the agreement aims to consolidate cooperation frameworks in multiple fields, including technology and innovation, the development of trading and post-trading systems, and the exchange of best practices and technologies in the fields of trading,” explaining that “this memorandum will contribute to paving the way for investors and brokerage companies for direct and smooth trading between the Abu Dhabi Securities Exchange and the Iraq Stock Exchange, as the “Tadalal” platform allows brokerage companies in both markets to access other markets remotely, contributing to enhancing the interdependence between markets, and enabling Iraqi investors to access regional and international investment opportunities.”

“By taking advantage of the Tadala platform, investors in member markets will be able to participate in the initial public offerings between them, which contributes to highlighting the advantages of cross-border trading and expanding the investment horizons,” she said.

The Chairman of the Iraqi Securities Authority, Faisal Al-Himas, praised this step, stressing that “the accession of the Iraqi market to the ‘Exchange’ platform is a paradigm shift in the process of developing the infrastructure of the financial market in Iraq.”

He added that “this platform will enhance the opportunities of regional partnership and economic integration with the Arab capital markets, which contributes to opening wider horizons for investors and reflects the Authority’s commitment to supporting the digital transformation in the Iraqi financial market.”

In turn, the Executive Director of the Iraq Stock Exchange, Jimmy Understand Thomas, said: “We are proud to have the Iraq Stock Exchange joined the Titadal platform for digital trading, as this represents an important step towards developing the Iraqi financial market and enhancing its accession with regional markets.”

She pointed out that “this cooperation with the Abu Dhabi Securities Exchange comes in line with the efforts of the Iraqi government to promote economic growth and increase investment, which supports the government’s objectives in promoting economic openness and developing financial infrastructure.”

For his part, the CEO of the Abu Dhabi Securities Exchange Group, Abdullah Salem Al Nuaimi, said: “This memorandum of understanding marks a milestone in the cooperation between the Abu Dhabi Securities Exchange and the Iraq Stock Exchange.”

He added that “this cooperation enhances the position of the Iraq market within the regional system, by increasing market activity, and providing a wider range of opportunities for investors by providing access to diverse investment options in companies listed in both markets.”

He continued: “The platform also provides access to more than 7.5 million investors for member exchanges, and includes more than 490 listed companies, as 2025 witnessed a doubling of trading activities between member financial markets compared to 2024, reflecting the platform’s position in the regional financial landscape.”

In addition to the Abu Dhabi Securities Exchange, the Tamdal platform currently houses a range of prominent exchanges in the region, including the Bahrain Stock Exchange, the Muscat Stock Exchange, the Astana International Stock Exchange, the Kazakhstan Stock Exchange, the Central Asia Stock Exchange, the Armenia Stock Exchange and the Amman Stock Exchange, while talks are currently underway with a number of other financial markets to join the platform.

Exchange provides a full range of trading opportunities for investors in member markets, through seamless and flexible solutions that support business development and expansion of investment, and contribute to promoting sustainable economic growth.

The “Tabadal” platform confirms the commitment of the Abu Dhabi Securities Exchange (ADX) to developing an advanced technological infrastructure and expanding investors’ access to the markets, through strategic partnerships with leading financial markets, especially in Arab countries such as Iraq. This also contributes to enhancing liquidity, providing innovative trading solutions, and supporting the integration of financial markets at the regional and international levels.

https://economy-news.net/content.php?id=54763

MARKZ: ESTIMATED RATES OF THE IRAQI DINAR & VIETNAM DONG

MarkZ

[via PDK]

Comment: ...the HSBC had VND on their screens yesterday morning.

MarkZ: That would fit what my contacts are seeing. One of those is a HSBC.

Question: How much did it say the VND was worth? VND .49 or 2.50?

MarkZ: That is not nearly the rates my contacts have seen...There are a good chance that all rates being seen are testing rates…may or may not be the rates we will get.

Question: do have a guess on the IQD rate? MarkZ: Logically – what makes the most sense is $4 - $6 bucks. IMO